AllianceBernstein Reports $792.2B AUM in 2024

By Tamara Parker • Saturday, February 15 10:16 • Permanent Link

AllianceBernstein Holding L.P. has recently released its 10-K report, revealing that the firm is a publicly owned investment manager primarily investing in various securities and assets. The firm manages separate client-focused portfolios and employs quantitative analysis for its investments. As of December 31, 2024, the firm's total Assets Under Management (AUM) were $792.2 billion, marking a 9.2% increase from the previous year.

In 2024, AllianceBernstein experienced a $319.8 million increase in net revenues, reaching $4.5 billion compared to $4.2 billion in the prior year. The firm's operating income also saw a significant rise, increasing by 37.5% to $1.1 billion. The operating margin improved to 24.7% in 2024 from 19.1% in 2023.

Market Environment U.S. Equities saw a volatile quarter, with the S&P 500 ending 2% higher in the fourth quarter of 2024. Large Cap growth companies outperformed, while Small Cap experienced a market sell-off. In Global and Non-U.S. Equities, Eurozone equities declined, and the UK MSCI Index returned negative 7% in USD terms. Japan's equity markets gained, and Emerging Markets underperformed Developed Markets.

AllianceBernstein's relationship with EQH and its subsidiaries remains a significant aspect, with EQH being the firm's largest client. EQH has collaborated with AB to improve the risk-adjusted yield for its insurance subsidiaries. Additionally, a joint venture with Societe Generale was formed, and the firm successfully completed the relocation of its corporate headquarters to Nashville, TN.

In terms of financial performance, AB Holding had net income of $423.4 million in 2024, reflecting a 60.3% increase from the previous year. The firm's effective tax rate was 8.4% in 2024, down from 11.9% in 2023. AllianceBernstein also provides non-GAAP measures such as "adjusted net revenues," "adjusted operating income," and "adjusted operating margin" to present a clearer picture of its operating performance.

The market has reacted to these announcements by moving the company's shares 3.1% to a price of $37.08. For more information, read the company's full 10-K submission here.

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